Exhibit 1.01
Conflict Minerals Report of China Yuchai International Limited
For the Year Ended December 31, 2024
This is the Conflict Minerals Report (“Report”) of China Yuchai International Limited (“CYI”) for the year ended December 31, 2024 in accordance with Rule 13p-1 under the Securities Exchange Act of 1934 (“the Rule”), as amended. The Rule was adopted by the United States Securities and Exchange Commission (“SEC”) pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, to implement reporting and disclosure requirements on all SEC registrants (including foreign issuers) about the use of specified “conflict minerals” emanating from the Democratic Republic of Congo and nine adjoining countries (collectively, the “Covered Countries”), in their products.
The term “Conflict Minerals” as defined by SEC rules, is a broad term which means cassiterite, columbite-tantalite (coltan), gold, wolframite and their derivatives which are limited to tantalum, tin, or tungsten (collectively, “3TGs”) originating from a Covered Country. The terms used in this Report are as defined in Rule 13p-1, Form Statutory Declaration (“Form SD”) and the 1934 Act Release No. 34-67716 unless otherwise defined herein.
This Report prepared by the management of CYI includes the activities of its majority-owned subsidiaries and variable interest entities that are required to be consolidated. It does not include the activities of variable interest entities that are not required to be consolidated. CYI engaged an independent third party (“Advisor”) to advise on the process of conducting conflict minerals due diligence and compliance. This Report has not been subject to an independent private sector audit (“IPSA”).
A. Company and Product Overview
CYI, through its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (“Yuchai”), engages in the design, manufacture, assembly and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, pickups, construction and agricultural equipment, as well as marine and power generation applications in China. Yuchai offers a comprehensive portfolio of powertrain solutions, including but not limited to diesel, natural gas, and new energy products such as pure electric, range extenders, and hybrid and fuel cell systems. A detailed list of Yuchai’s engines by application produced in the financial year 2024 is set out in Schedule 1 of this Report.
Yuchai manufactures engine blocks, cylinder heads, crankshafts, camshafts and certain other key components. Third-party suppliers provide the remaining engine parts and components. The production process involves complete assembly and testing of the finished products. Yuchai purchases raw materials, principally scrap steel and scrap iron, from domestic suppliers for engine component casting production, and certain engine components are imported or originated from domestic and foreign suppliers. In addition, different alloys and additives such as tin, zinc, magnesium, and manganese are utilized during the manufacturing process.
B. Reasonable Country of Origin Inquiry (“RCOI”)
Further to the conduct of an analysis of our engine products manufactured in financial year 2024, we concluded in good faith that certain minerals such as 3TGs, which are necessary to the functionality or production of our engines, are used in the manufacturing process.
For financial year 2024, a total of 147 suppliers were identified as in-scope for conflict mineral regulatory purposes and contacted as part of the RCOI process. We then used the Conflict Minerals Reporting Template (“CMRT”), a standardized reporting template developed by the Responsible Minerals Initiative (“RMI”), to obtain information from all relevant suppliers regarding the facilities used to process the necessary 3TGs and the country of origin of such minerals. We excluded, as not relevant, those suppliers that: (a) did not provide us products or components during the reporting period; or (b) provided products or components that did not